The typical owner-occupied home in Straughn is worth about $112,000, 49% below the Indiana median of $218,200 and 66% below the national median of $332,700. Owners pay a median $878 a year in property taxes, about 0.78% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $73,125 a year, so the median home costs 1.5 times the median income (3.0 times for Indiana). 81% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Straughn at a glance
| Straughn | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $112,000 | $218,200 | $332,700 |
| Median property tax paid per year | $878 | $1,614 | $3,119 |
| Property tax as a share of value | 0.78% | 0.74% | 0.94% |
| Median household income | $73,125 | $71,957 | $80,734 |
| Homes lived in by their owners | 81% | 71% | 65% |
| Owner homes with a mortgage | 41% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $967 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 18.1% | 21.0% |
| Median rent | $1,708 | $1,062 | $1,413 |
| Rent as a share of renters' income | 22.3% | 29.1% | 30.6% |
| Median year homes were built | 1984 | 1976 | 1980 |
| Vacant homes | 56.9% | 8.8% | 10.1% |
| Population | 229 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Straughn
At this week's average 30-year rate of 7.11%, buying the median Straughn home of $112,000 with 20% down costs about $722 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $909, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,952 for the 20%-down payment. That payment is 12% of the median Straughn household income of $73,125; at that income and 20% down, the 28% guideline points to a home of about $265,000.
The median rent here is $1,708 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,400 |
|---|---|
| Loan amount | $89,600 |
| Principal and interest | $603 |
| Property taxes (0.78% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $722 |
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| Down payment | $3,920 |
|---|---|
| Loan amount | $109,971 |
| Principal and interest | $740 |
| Property taxes (0.78% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $909 |
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Questions about home buying in Straughn
What is the median home value in Straughn?
About $112,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Straughn?
Homeowners pay a median $878 a year, which is about 0.78% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Straughn?
For the median home with 20% down at 7.11%, the payment is about $722 a month. Keeping that under 28% of gross income takes about $30,952 a year.
More about Straughn
- Mortgage Refinance in Straughn
- Debt Relief in Straughn
- Home Equity Loans in Straughn
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data